SOURCE: Paisley

October 16, 2007 14:50 ET

Paisley Introduces New Version of Industry-Leading Solution for Governance, Risk and Compliance

Strategic Objective Setting and Enhanced Risk Management and Compliance Capabilities Enable a Holistic Approach to Governance, Risk and Compliance

MINNEAPOLIS, MN--(Marketwire - October 16, 2007) - Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced version 3.5 of Paisley Enterprise GRC™, its flagship governance, risk and compliance solution for enterprise customers.

Paisley Enterprise GRC is the only solution to offer functionality for all six major components of governance, risk and compliance -- with profiles for enterprise risk management (ERM), general compliance, financial controls management, internal audit, operational risk management (ORM) and IT governance. The software's integrated and comprehensive approach supports the convergence of the many diverse disciplines in governance, risk and compliance.

The new release of Paisley Enterprise GRC introduces enhanced best-of-breed compliance management capabilities that support the documentation and management of laws and regulations, policies and procedures, compliance risk assessment, testing and compliance reporting. This enhanced functionality enables organizations to reduce costs and streamline compliance activities for both internal and external regulatory requirements.

With enhanced, purpose-built enterprise risk management capabilities, Paisley Enterprise GRC enables businesses to easily set strategic objectives, identify enterprise risks and link these risks directly to their operational processes and controls by using key performance indictors, key risk indicators, heat maps and other easy-to-use features.

"Organizations today are overwhelmed by the need to manage an ever-increasing array of enterprise risks and compliance requirements," said Tim Welu, CEO of Paisley. "Using Paisley Enterprise GRC, companies can more easily focus on the most important and strategic aspects of their business governance initiatives, thereby improving efficiency and overall corporate performance."

Paisley Enterprise GRC version 3.5 also includes enhanced graphical workflow modeling capabilities used for planning, reviewing and approving governance, risk and compliance processes. Leveraging the power of Lombardi Teamworks OEM Edition™, a leading business process management solution, Paisley Enterprise GRC delivers best-in-class business process management capabilities to support the automation of GRC business processes.

The latest version of Paisley Enterprise GRC will be available for either on-site installation or as a hosted application deployment within the next 30 days.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley's solutions enable organizations to streamline governance, risk and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

For more information, call 320.286.5870, email or visit

Contact Information

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    Stacey Billy
    Marketing Director
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